Devourin, a restaurant automation solution provider, has raised an undisclosed amount of seed funding from Relfor Labs’ Deepak Nathani. Devourin offers a cloud-based platform for different kind of food businesses.
Bangalore-based community building platform Fourth Ambit has secured $600,000 in funding from 1Crowd. Ambit is a specialist online platform for colleges that helps them to build and nurture vibrant student/ alumni communities.
Online marketplace ShopClues has raised INR 50 crore in venture debt from InnoVen Capital. ShopClues said it raised debt primarily for day-to-day business activities.
International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners. The fund is focused on Series A and pre-Series A investments in technology and technology-enabled companies.
The Karnataka Government today said it has granted funding to 26 startups in the BioTech sector to bolster innovation. The Department of IT and BT will support these startups to develop ideas, technologies and products which can have significant impact on the lives of people.